Mayor Bloomberg Proudly Stands With Goldman Sachs

By: Friday March 16, 2012 9:48 am

Apparently Mayor Michael Bloomberg thinks one of the world’s most powerful corporations needs to be protected from a single former mid-level employee saying mean things about it. From Bloomberg Businessweek: New York City Mayor Michael Bloomberg visited Goldman Sachs Group Inc. (GS)’s headquarters in Manhattan in a show of support after a departing employee publicly [...]

This Is Your Defense of Goldman Sachs and Wall Street?

By: Thursday March 15, 2012 10:38 am

I found the Bloomberg editorial response to Greg Smith’s resignation letter from Goldman Sachs to be so terrible that ironically I think it is a more damning criticism of the current destructive culture on Wall Street than Smith’s original piece. The editors at Bloomberg basically try to paint Smith as naive and stupid, then conclude [...]

Apparently What Broadcast News Needs Is the Perspective of More Wall Street Elites

By: Monday November 14, 2011 1:28 pm

Whenever I’m watching the news one of the things I notice is there simply aren’t enough voices for rich elites and their children on television. I worry that I won’t hear about things from the perspective of millionaires with close ties to Wall Street (except on CNBC, Fox Business, Bloomberg TV, Fox News, CNN, etc…). [...]

Bernanke Helps House GOP, Claiming Immediate Cuts Will Barely Hurt Growth

By: Tuesday March 1, 2011 1:42 pm

In contrast to the analysis by Goldman Sachs and Moody’s Anlaytics–which both concluded the immediate cuts pushed for by House Republicans would significantly reduce economic growth–Federal Reserve Chairman Ben Bernanke claimed they would do little harm. The backing of such an important official should be a real boost to Republican efforts to push for immediate [...]

Washington’s Revolving Door Makes More Obvious Bribes Unnecessary

By: Thursday February 17, 2011 11:17 am

Imagine that I were a large, wealthy company, say Walker Investment Corp, that would like a government official to take actions that would result in millions of additional profits. I won’t just walk into the government official’s office with a suitcase full of hundred-dollar bills and say if you do me this favor I will [...]

New Markets Tax Credits: Billions for Big Buildings and Bigger Corporations

By: Wednesday February 9, 2011 12:22 pm

In 2000, Congress approved a program called the New Market Tax Credits with the intent to provide subsidies for development in low income areas–but by gaming the system and using very out-of-date demographic data, huge corporations are getting millions in government money to build high-end hotels and condos. Bloomberg has the story, and I strongly [...]

How Blanche Lincoln Is Not Like Norma Rae

By: Thursday June 10, 2010 8:40 am

The commentary regarding the Lincoln/Halter race continues, ranging from the sublime to the ridiculous. Glenn Greenwald: “What happened in this race also gives the lie to the insufferable excuse we’ve been hearing for the last 18 months from countless Obama defenders:  namely, if the Senate doesn’t have 60 votes to pass good legislation, it’s not [...]

Americans Still View BP More Positively Than Goldman Sachs

By: Saturday May 15, 2010 5:45 am

Even as the oil-spill disaster plays out in the Gulf of Mexico, Americans still have a more positive view of British Petroleum than they do of Goldman Sachs, according to the new NBC/WSJ poll. While Americans see neither company in a shining light, they do see the financial firm as a worse villain. This could [...]

Bill Clinton: Timing of SEC’s Goldman Suit Was “Suspect”

By: Wednesday April 28, 2010 1:03 pm

Bill Clinton kicks off his discussion at today’s Pete  Peterson “fiscal summit” by fawning over Peterson and complaining that the two of them had been attacked by “liberal blogs” because they’re not on board with “just spending like crazy.”  (CSPAN video starts at 2:02)   It must be hard out here for an oligarch these [...]